Posted on 08/22/2018 5:43:38 PM PDT by BenLurkin
I can see it in Orlando. Homes in my neighborhood sell quick for 320k, 100k over real value imo. I’m seriously considering selling and renting until the next crash. I’m in the last of the boomers, fwiw.
In NW Florida, we are in an incredible housing boom,. We were quiet for about 4 years, very few sales, fewer new homes going up. Now, I can hear workers building houses on Sunday afternoon! When construction workers are putting in a full day on Sunday, the market is definitely HOT!
I’ll say the same thing I said in 2006 or 2007 when folks were yelling about a housing bubble - I depends on where you are.
It turned out to be a major crisis in Atlanta, Phoenix, Florida and parts of California. It was barely a blip in Dallas.
I knew a fellow who was from Albany NY but you’d think he was a good ole Georgia boy from his accent.
After all these years, whatever exterior was used as Mels Diner is long gone assuming it existed in the first place.
exactly
Then can Hussein Obama in '09 with his Obama Care.
Million lost their jobs.
It took 5+ years to sell all the foreclosed homes in my area.
I own a two bedroom home in Houston, water front (Galveston Bay) 300k and I’ll think about it.
I understand completely.
I dunno, they seem to be building them as fast as they can sell them. Certainly faster than they can build roads for all the new cars.
All markets are local. With the change in tax laws, NY, NJ, CT, Mass, CA stand to be hurt big time. NY, NJ, CA have net outwards migrations. Down here in SW FL, lots of new construction and it is NOT speculative. When you can sell your home in the northeast and buy a home in Texas, GA, FL, NC, etc for a fraction, if you don’t HAVE to live in the northeast, you move.
Maybe HOAs serve a purpose, after all.
Figures,lie and liars figure, but sometimes it’s just a dice roll.
They’re building and selling well around the outside of Charlotte.
Exactly. I guess the real point is that sales are slow for many reasons.
Same here. The maggots are leaving high tax areas with their disastrous voting habits.
Apparently some of the exterior is still around.
1747 NW Grand Avenue in Phoenix.
San Fernando valley by Los Angeles where the average is $650,000+ for a single story ranch home with no basement and with a small yard with a 6’ tall or taller brick fence and neighbors able to look into every part of the yard if higher ground and peer into the windows plus home in need of fixing up plus high electric and high temps in the summer and high garbage collection ‘fees’ and heavy traffic.....
I gave up and will be buying elsewhere one day.
My Uncle made his ‘fortune’ buying a bi-level home in Rancho Cucamunda, CA (sp?) for $150K and selling it ten years later for $650K.
He moved to New Mexico and built the home of his dreams for cash - and is STILL living off the profits of the CA house sale.
And, good for him! :)
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